Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 1-Year High - What's Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $69.33 and last traded at $68.69, with a volume of 591760 shares changing hands. The stock had previously closed at $66.33.

Analyst Ratings Changes

CBRL has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Loop Capital increased their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Truist Financial boosted their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a report on Friday, June 13th. UBS Group reaffirmed a "neutral" rating and set a $60.00 target price (up from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Finally, Citigroup reissued a "sell" rating and issued a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $53.86.

Cracker Barrel Old Country Store Trading Up 2.8%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The firm has a market capitalization of $1.52 billion, a P/E ratio of 26.44, a PEG ratio of 6.18 and a beta of 1.45. The firm has a 50 day simple moving average of $56.81 and a two-hundred day simple moving average of $51.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's payout ratio is 38.76%.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 53,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $44.60 per share, with a total value of $2,363,800.00. Following the transaction, the insider directly owned 2,833,700 shares in the company, valued at $126,383,020. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 247,607 shares of company stock worth $10,687,406 in the last 90 days. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after acquiring an additional 106,440 shares during the period. Capital Investment Counsel Inc increased its stake in shares of Cracker Barrel Old Country Store by 53.2% during the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after purchasing an additional 9,875 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after purchasing an additional 13,305 shares during the period. Wealthfront Advisers LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $704,000. Finally, Amundi grew its holdings in Cracker Barrel Old Country Store by 202.4% during the fourth quarter. Amundi now owns 10,729 shares of the restaurant operator's stock valued at $615,000 after purchasing an additional 7,181 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.

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